Daily Masala

Here is what others are talking about this morning:

U.S. crude falls as market braces for more Iranian oil

U.S. crude oil futures fell in early Asian trade, heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market.

Oil price rout forces companies to slash $170 billion in projects from 2016-2020

Oil and gas projects worth $380 billion have been postponed or canceled since 2014 as firms slash costs to survive the oil price crash, including $170 billion of projects planned between 2016 and 2020, energy consultancy Wood Mackenzie said.

Asia shares win reprieve after oil rebound

Asian stocks won a temporary reprieve on Friday after oil prices snapped their eight-day rout, helping to lift battered energy shares even as investors remained on edge as they looked for signs of stability in China’s economy and its volatile markets.

Oil’s Plunge Is Great News for Most of Us

The real danger isn’t the decline in oil prices, but the thing that caused most of the decline in the first place: China. The dramatic slowing of China, which has become the workshop of the world, is behind much of oil’s latest fall.

Indian Auto industry agrees to govt’s BS-VI timeline

In what could help India combat vehicular pollution, the automobile industry on Thursday agreed to skip one stage and move straight to Bharat Stage-VI (BS-VI) emission norms from 2020.

Jute finds use in manufacture of fibre-based composites for automobile industry

Low-cost and lightweight but strong jute fibres are increasingly finding favour with composite makers for usage in automotive components. Major global automakers have started using jute fibre-based composites for door panels and dashboards.

 

 

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